"Amundi Govt Bond Lowest Rated Euro Investment Grade 1-3 UCITS ETF DR – EUR (C)" is an exchange-traded investment fund (ETF). It refers to the FTSE Eurozone Lowest-Rated Government Bond IG 1-3Y Index. This index reflects the development of securities . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings are automatically reinvested (accumulated). The fund company Amundi claims a total expense ratio (TER) of 0.14% per year. The yearly average divergence from the index performance (Tracking Difference) since 2015 was 0.21% per year. Therefore, the ETF was more expensive than the TER suggests.